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Nortec announces the completion of Helicopter-borne TDEM Geophysical Surveys, on the Koillismaa - Naranka Nickel-Copper-PGE Project, Northeastern Finland
Nortec announces the completion of Helicopter-borne TDEM Geophysical Surveys, on the Koillismaa - Naranka Nickel-Copper-PGE Project, Northeastern Finland.
About this update from Nortec Minerals Corp
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Oct. 19 /CNW/ - Further to the press release dated September\n6, 2006, Nortec Ventures Corp., (\"Nortec\" or the \"Company\"), is pleased to\nannounce the completion of helicopter-borne, deep penetrating Time-Domain\nElectromagnetic (\"TDEM\") and Magnetic surveys on the Koillismaa - Naranka\nNickel-Copper-PGE project (\"Koillismaa - Naranka\") located in Northeastern\nFinland.\nThe geophysical surveys were carried out by SkyTEM Aps, a Danish\nairborne-geophysical survey company based in Aarhus, Denmark. SkyTEM's Time\nDomain Electromagnetic system with a central loop configuration is designed to\nprovide high resolution to delineate conductivity contrasts, and a large\npenetration depth. A total of nearly 1500 line kilometres was flown on the\nKoillismaa - Naranka reservation and claims area with a line spacing of 100\nmetres and the control lines at 1000 metres. The geophysical field data is at\npresent being processed and put together for analyses, interpretation and 3D\nmodeling to be performed by Condor Consulting of Lakewood, Colorado, USA.\nPreliminary results are expected in the coming weeks. This survey will assist\nin locating potential magmatic massive sulphide targets directly from any\nairborne anomalies. If successful, the survey will be followed by scout\ndiamond core drilling of approximately 4,000 metres.\nIn June 2006, the Company entered into an option agreement with Akkerman\nExploration B.V. (\"AEbv\"), of the Netherlands to form a 70:30 joint venture on\nthe Koillismaa - Naranka project. AEbv controls three claim reservations and\nhas applied for 23 exploration licences (18 of which have already been\ngranted), together covering a surface area of approximately 40 square\nkilometers.\n\nAbout Nortec:\n\nNortec is a mineral exploration and development company based in\nVancouver, British Columbia. In addition, Nortec is at present carrying out a\n2000 metre diamond drilling program on the Ganarin epithermal gold-silver\nproject, situated in the prolific Ganarin Belt, Southern Ecuador. The Company\nholds an option to earn a 51% interest in the Ganarin, and a 70% interest in\nthe Condorcocha Project, also located in Southern Ecuador, from joint-venture\npartner Doubloon Exploration Corp. Nortec is also earning a 51% interest in TL\nnickel property, Voisey's Bay area, northern Labrador.\n\nF...